The latest real estate trading data issued by the Real Estate Registration Department of the Ministry of Justice revealed that 53 real estate transactions were executed during the last week of this December, amounting to 223,038,050 million riyals, which represents a 3% decrease in the values of the deals, and a decrease of about 2% in the number of executed deals.
Kate Real Estate Company said in its weekly report on monitoring and analyzing real estate trades in the State of Qatar that the last week of December witnessed a noticeable decline in the volume and values of real estate trades, which is an extension of what was monitored during the past weeks.
The weekly real estate deals varied between 24 deals for vacant lands and 32 deals for housing and residential complexes. And deals for shops and buildings.
Space lands
In analyzing the deals of the last week of December regarding vacant lands, their total value reached 74,310,651 million riyals, and 5 municipalities witnessed the implementation of 24 deals in each of them, namely the municipalities of Umm Salal, Doha, Al Rayyan, Al Daayen and Al Wakra.
The total value of vacant land transactions in Umm Salal Municipality amounted to 5,035,085 million riyals, with the selling price reaching 255 riyals per square foot in Umm Salal Ali, while vacant land deals in Doha Municipality amounted to 4 deals, with a value of 10,268,305 million riyals.
Vacant land deals in Al Rayyan Municipality amounted to 5 deals worth 37,188,000 million riyals.
As for Al Daayen Municipality, the number of deals was 5, worth 8,357,102 million riyals.
Finally, Al-Wakrah witnessed 7 deals worth 13,462,159 million riyals.
Home deals
The value of housing transactions amounted to about 148,727,399 million Qatari riyals, through the implementation of 32 transactions for housing, commercial buildings, and shops. The transactions came through the implementation of 4 deals in the municipality of Umm Salal, worth 10,150,000 million riyals. The municipality of Al Khor and Al Dhakhira witnessed two deals worth 3,350,000 million riyals, Doha Municipality also witnessed the implementation of 12 deals worth 43,282,289 million riyals, Al Rayyan also witnessed the implementation of 7 deals worth 57,350,000 million riyals, Al Daayen Municipality witnessed the implementation of 3 deals worth 20,550,000 million riyals, and Al Wakrah witnessed 3 deals worth 20,550,000 million riyals. 4,500,000 million riyals. Finally, the North witnessed a deal worth 1,900,000 million riyals.
Top deals
The deal for a residential commercial building (villas or residential houses) in the Ba’aya area in the municipality of Al-Rayyan topped the list of the highest deals in terms of value, amounting to about 38,600,000 million riyals, and the land area reached 1,520 square meters, with a selling price of 2,359 riyals per foot. Also, Al-Rayyan Municipality witnessed the sale of vacant land (villas or residential houses) with the highest deals worth 30,000,000 million riyals, with an area of 9117 riyals, and a selling price per foot of 306 riyals.
Residential units
Kate Real Estate Company provides a separate analysis of the data provided by the Ministry of Justice regarding residential unit transactions, which amounted to 41,611,388 during the last week of this December through the implementation of 26 sales transactions.
The deals were executed in the municipality of Doha and Al Daayen in certain areas, including the Pearl Island, Lusail 69, Latifiya, Ghar Thulayb, and Rawdat Egdim, where the Pearl Island area witnessed the implementation of 8 deals worth 15,111,721 million riyals, and the selling price on the Pearl Island ranged between 10,128 and 16,400 thousand riyals per square meter, and the Lusail 69 area had a share. In selling deals, it achieved 13 deals worth 17,622,507 million riyals at a selling price per meter that ranged from 10,000 to 22,000 thousand riyals per meter. As for the value of the deals in the areas of Ghar Tha’ilb, Latifiya, and Rawdat Agdim, there were 5 deals worth 7,196,000 million riyals.